T24 News

The largest loans and savings association in the Dominican Republic selects T24 to replace its legacy systems

GENEVA, Switzerland – 18 November 2008 - Temenos (SWX: TEMN), the provider of integrated core banking systems, today announced that The Popular Association for Savings and Loans (APAP), the largest savings and loans association in the Dominican Republic, has selected TEMENOS T24 (T24) to replace its core banking
platform. T24 will support APAP’s retail operations and will be rolled out across 47 branches, servicing over 800,000 customer accounts. APAP signed the deal in September 2008 and is the first financial institution in the Dominican Republic to implement T24.

The Mauritius Commercial Bank Limited goes live in the Maldives with TEMENOS T24 in just four months

GENEVA, Switzerland, 13 November 2008 – Temenos (SWX: TEMN), the provider of integrated core banking systems, today announced that The Mauritius Commercial Bank Limited (MCB) has gone live with TEMENOS T24 (T24) in its Maldives branch to support its retail and corporate banking operations. The bank employed Temenos Professional Services and jointly implemented T24 in just four months.
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Texnikabank selects Temenos T24 Model Bank to replace its core systems

GENEVA, Switzerland - 11 November 2008 - Temenos (SWX: TEMN), the provider of integrated core banking systems, today announced that Texnikabank, one of the largest universal banks in Azerbaijan, has selected TEMENOS T24 (T24) to replace a number of its core banking systems to support the bank’s retail and corporate operations. Using T24, the bank will consolidate all of its disparate systems into one centralised infrastructure to fully automate all business processes across these operations. T24 will be rolled out across the bank’s 35 branches.

Temenos wins the Banking Technology Readers’ Choice Awards

GENEVA, Switzerland, 7 November 2008 - Temenos (SWX: TEMN), the provider of integrated core banking systems, is pleased to announce that it has won for the second year running the Best Core Banking Product category in Banking Technology magazine’s Readers’ Choice Awards for its packaged core banking software TEMENOS T24 (T24).

Sacombank extends partnership with Temenos to support 242 branches and global business growth

GENEVA, Switzerland, 5 November 2008: Temenos (SWX: TEMN), the provider of integrated core banking systems, today announced that Sacombank, a premier bank of Vietnam, has extended its partnership with Temenos to support its retail and corporate banking processes. TEMENOS T24 (T24) shall be rolled out across the bank’s 242 branches to integrate its operations across the enterprise and help meet its growth objectives. The deal was signed in September 2008 and T24 shall support two and a half million customer accounts.

Temenos strengthens Business Intelligence offering with acquisition of Lydian Associates

GENEVA, Switzerland, 3 November 2008 – Temenos (SWX: TEMN), the provider of integrated core banking systems, today announced that it is acquiring Lydian Associates Limited, a UK-based provider of Business Intelligence (BI) software for the banking sector. The acquisition price was not disclosed.

Temenos bolsters global retail banking strategy with senior appointment

Geneva, Switzerland, 30 October 2008 – Temenos (SWX: TEMN), the provider of integrated core banking systems, today announced the appointment of Gareth Jones as Retail Business Development Director. This is a newly created role which forms part of an overall strategy to strengthen Temenos’ global presence in the retail banking sector.

Bank of Shanghai goes live with TEMENOS T24 to support retail banking operations and 11 million accounts

GENEVA, Switzerland, 17 October 2008 – Temenos (SWX: TEMN), the provider of integrated core banking
systems, today announced that Bank of Shanghai, one of the largest city commercial banks in China, went live with TEMENOS T24 (T24) across its entire retail banking operation in September 2008. T24 already supported the bank’s corporate banking, trade finance and treasury divisions. The system now supports approximately 11 million customer accounts, 245 branches and up to two and a half million transactions per day.

Temenos and Metavante sign EverBank as first joint T24 marketing client to increase scalability of its World Markets business

GENEVA, Switzerland, 14 October, 2008 – Temenos (SWX: TEMN), the provider of integrated core banking systems and banking and payments technology provider Metavante (NYSE:MV), today announced that EverBank® Financial Corporation, has selected TEMENOS T24 to support its World Markets division. The recently signed deal represents the first T24 opportunity resulting from the extended Metavante/Temenos strategic marketing alliance announced on July 31, 2008.

China Merchants Bank selects Temenos’ US Model Bank to support New York operations

GENEVA, Switzerland – 8 October 2008 – Temenos (SWX: TEMN), the provider of integrated core banking systems, today announced that China Merchants Bank (CMB) New York, an overseas subsidiary of China’s most competitive bank, winner of the 2008 Euromoney ‘Best bank in China’ award, has selected TEMENOS T24 (T24) Model Bank US Platform. The system will support the bank’s newly established corporate banking business.